Is college really necessary?

[Devon White]

Is a college degree really necessary for an agent? I’m in the middle of my senior year of high school and I do not want to go to college because I feel like it’s worthless for an entrepreneur. Any advice is much appreciated

[Chris Jensen]

@Devon White you'll get a LOT of differing opinions on this topic, but here's mine.  I would HIGHLY encourage you to pursue a degree for two main reasons.

First, generally speaking, it takes a good credit score with good W-2 income to get started in life in general and specifically in real estate.  Banks won't normally talk to you about loans for rental properties, let alone a personal residence, without both these things.

Second, a high-quality degree from a high-quality university generally leads to higher W-2 income.  There are worthless degrees and worthless education institutions, so quality counts.  Keep in mind, though, that quality doesn't necessarily mean expensive.

I know you feel college is useless, so I'd recommend refining your mindset.  Instead of approaching college and your classes as a distraction or drudgery, focus on a major in a field related to real estate like finance, construction management, or business (many to choose from that would directly support a real estate career).  Then approach each class by asking yourself, how will this help me in real estate.  Apply everything you're learning to how you will build your real estate business.

Also lots of real-estate related education you can gain outside the classroom. Books, podcasts, BP, etc. All good sources to supplement.

You can also do many things on the side to gain experience and build your network.  Lots of possibilities here.  Be a real estate agent, flip homes, house hack a duplex, work at a bank, etc.

Point is to laser focus on your end goal by pursuing related education and doing as much on the side as possible.  Then, after graduation, you'll hopefully get some serious W-2 income, have great credit, and be able to apply your background, network, and education to pursuing your dreams.

Best of luck as you decide your future. You've started on the right foot, though, seeking and being open to the advice of others further than the path!